Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, plans to raise between $200 million and $300 million on top of its recently-issued $1 billion bond, a statement from lead managers said on Thursday.
Dolphin Energy, in which France's Total and Occidental Petroleum Corp also own stakes, issued a $1 billion offering, maturing in 2021, on Tuesday - attracting $9 billion of demand from international investors.
The company will now tap the bond for a further $200-300 million, with the new capital set to price equivalent to 101 percent of the existing paper. Pricing is set for Thursday, the statement added.
No comments:
Post a Comment